Two popular options are off plan and buy to let.
With off plan, you’ll have to pay an initial deposit, followed by installments at fixed dates until the project is completed. The advantage of this is that you only need a small mortgage. You can eventually borrow more money as the payments fall due. In this way, you enjoy substantial savings on interest.
In a buy to let situation, you buy a property and rent it out as soon as possible. Ideally the rent should cover the cost of your mortgage and if you’ve planned it well, you might even have some money left over. In order for this to be successful, you need to know the local letting market very well, so that you get guaranteed rentals.
Tenerife property has long been a popular investment option with UK buyers. It’s the closest island to mainland Europe where you get almost guaranteed winter sunshine. Investors are buying property for their own enjoyment as well as receiving a great return on investment. Tenerife enjoys an all year round season so you can rent out your property http://www.tate-properties.com/tenerife/property-for-sale.asp at peak season prices almost all throughout the year!
Tenerife Island – The island of “Eternal Springtime”
Tenerife is the largest of the Canary Island archipelago. It has one of the most spectacular and diverse landscapes you’re ever likely to see – From the mighty volcanic crater “Cañadas del Teide” to the extremely fertile valleys filled with bananas and tomatoes.
Tenerife is clearly divided into a very dry southern part and a very humid and green northern part.
In the centre of the island there’s Mount Teide – Spain’s highest mountain peak (and 3rd largest volcano on earth). Often snow-capped, it contrasts dramatically with the hundreds of bikini bathers and sandy beaches.
Tenerife is a walker’s paradise. It also has some excellent mountaineering opportunities. You can enjoy warm climbing and walking in Europe’s winter months. Tenerife’s national park has many other interesting and challenging summits to try.
Other outdoor activities include; surfing, windsurfing, paragliding, camel tours, diving centres and golf.
All this under a perfect climate, it’s no wonder Tenerife is described as one of the “last paradise isles in Europe”.
New Developments on Tenerife (What you’d expect to pay)
Here are some examples of the latest new developments (http://www.tate-properties.com/tenerife/property-for-sale.aspon the island…
1 bedroom Apartment for sale in Palm Mar
Well presented 1 bedroom, 1 bathroom.
Price: €156.450 (approx £107.897).
1 bedroom Apartment for sale in Aguilas del Teide
Brand new 1 bedroom, 1 bathroom.
Price: €156.000 (approx £107.586).
1 bedroom Apartment for sale in Los Cristianos
Brand new 1 bedroom, 1 bathroom apartment.
Price: €160.000 (approx £110.345).
Investing in Tenerife
Tenerife is suitable for all ages. It’s an island with great potential – both as a place to live and an area to invest in. Whether you’re looking for a new development or an existing property, you’ll find it here. There are numerous multi-lingual real estate agents that can help you find whatever you’re looking for.